Republic Bank Louisville KY Mortgage Interest Rate and Cost Review

Is Republic Bank Louisville KY a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Republic Bank Louisville KY to those of other lenders for a comparable set of borrowers. Here is our review of Republic Bank Louisville KY nationally:

Review ItemRepublic Bank Louisville KY
Interest Ratehigher than other lenders (+0.15%)
Loan Related Closing Costslower than other lenders (-$317)
National Rate and Closing Cost Star Rating(3)

On average, Republic Bank Louisville KY’s interest rates were higher than those of other lenders (+0.15%). On the other hand, its loan related closing costs were lower than those of other lenders, with a difference of -$317. Overall, combining interest rates and closing costs we estimate that Republic Bank Louisville KY tends to be an expensive lender, and give it a National Rate and Closing Costs Rating of 3 out of 5 stars. We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Republic Bank Louisville KY, its website is located at: https://republicbank.com.

Republic Bank Louisville KY’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders in your area, click here. In particular, among the cities we track Republic Bank Louisville KY was most active in:

  1. Louisville, KY
  2. Lexington-Fayette, KY
  3. Tampa, FL
  4. Cincinnati, OH
  5. Elizabethtown, KY

Republic Bank Louisville KY’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Republic Bank Louisville KY originated Conforming, FHA and VA mortgages for new home purchases. It also originated Conforming, Jumbo and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHAVA
Interest Rate Difference+0.11%+0.02%-0.00%
Loan Related Closing Cost Difference-$399-$158-$47
Cost Adjusted Rate Difference+0.08%+0.00%-0.00%
National Star Rating(3)(3.5)(3.5)
Refinance MortgagesConformingJumboVA
Interest Rate Difference+0.25%-0.01%+0.01%
Loan Related Closing Cost Difference-$234-$14-$28
Cost Adjusted Rate Difference+0.16%-0.01%+0.01%
Average Star Rating(2.5)(3.5)(3.5)

As a summary, Republic Bank Louisville KY is similar to other lenders for FHA and VA purchase mortgages. It is more expensive than other lenders for Conforming purchase mortgages. For refinancing mortgages, Republic Bank Louisville KY is similar to other lenders for Jumbo and VA mortgage refinance. It is more expensive than other lenders for Conforming mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Republic Bank Louisville KY:

Registered name: Republic Bank & Trust Company
Registered city and state: LOUISVILLE, KY, 40202
Regulator: Federal Deposit Insurance Corporation (FDIC)
Top holder: REPUBLIC BANCORP, INC.

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Republic Bank Louisville KY’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.